Global: LME nickel rises above $18,000/t on Indonesia policy, macro support
LME nickel futures surged by $508/t d-o-d to $18,206/t on 14 April, while spot prices rose to $17,981/t. Gains were supported by Indonesia's revised ore pricing mechanism, a weaker US dollar, and positive macro cues. LME inventories declined by 822 t d-o-d to 279,570 t. Market participants expect prices to remain firm in the near term, driven by macro developments and tightening supply signals.